Since it was launched in 2019, the FTHBI has struggled to gain traction among first-time buyers. As of Sept. 30, 2020, the Canada Mortgage and Housing Corporation (CMHC), which administers the program, said it has received just 9,520 applications worth about $173 million in shared equity mortgages. When the program was first announced, the government earmarked $1.25 billion over three years with the goal of assisting 100,000 homebuyers to purchase homes. Under the program,

Here is what you need to know about the new shared equity program offered by CMHC and the other insurers that launches today.

Hello new home buyer, I know that you are frustrated with today's market. Trust me when I tell you that I have been where you are. I...